The US is not opposed to trade with China, however, the latter’s trade practices have gotten worse, the US Commerce Secretary Wilbur Ross said on Thursday.
Key quotes
The US would prefer not to use tariffs, but tariffs are forcing China to pay attention to our concerns
China causes massive market dislocations due to overcapacity and dumping excess production
If China abides by global trade rules every nation will benefit
China’s value add to Australian economy is “shockingly limited”
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